Wolters Kluwer Enhances Capital Changes 871M Automated Compliance Tool
(WorldNews Netherlands)

Wolters Kluwer today announced the release of its enhanced Capital Changes 871M Automated Compliance Tool. The solution helps banks, brokers and other financial services firms comply with IRS rules already in place, in addition to new, complex regulatory changes that will go into effect January 1, 2019, based on IRS Notice 2017-42 relating to certain equity-linked financial derivatives. Brokers and other U.S. withholding agents generally must already comply with a set of rules that went into effect January 1, 2017, relating to payments for certain equity-linked financial derivatives. However, the IRS released additional regulatory requirements regarding...